FIX & FLIP AND NEW CONSTRUCTION FINANCING

ASSET- BASED RENTAL PROPERTY LOANS WITH NO PERSONAL INCOME VERIFICATION AND INDUSTRY-LEADING RATES

Put the Force of American Business Funders partners to Work for You

 

  • Private money financing from a nationwide lenders

  • Unparalleled industry knowledge

Fix & Flip Line of Credit

  • Lines of credit for multiple transactions – 95% of rehab, up to 75% LTV
  • Loans from $50K to $2.5MM
  • Single loans available for first-time investors; no experience required
  • Recourse and non-recourse options available

New Construction Line of Credit

  • Lines of credit for up to 20 transactions at once
  • Funding up to: 75% of land value, 95% of construction budget, 75% LTV
  • Loans from $150K to $2.5mm
  • Single loans available for first-time investors; no experience required

FIX & FLIP
LINE OF CREDIT
NEW CONSTRUCTION
LINE OF CREDIT
Description Exposure line for experienced
investors (1+ completed flip in
the past 2 years)
Exposure line to fund ground-up
construction for developers and
investors (1+ completed flip in the
past 2 years)
Loan Size

Term & Amortization

$50K - $2.5MM

30 year fixed, full amortization

$150K - $2.5MM
Acquisition Financing Funding up to 90% of
purchase price
Funding up to 75% of land value
Rehab FInancing Up to 95% of rehab costs, max
75% of ARV
Up to 95% of construction costs,
max 75% ARV
Term 12 months (standard), with optional extensions 12 months (standard), with optional extensions
Rate As low as 6.99% for qualified borrowers. 90 days minimum interest charge. As low as 6.99% for qualified borrowers. 90 days minimum interest charge.
Borrower Individual, LLC, Limited Partnership, or Corporation Individual, LLC, Limited Partnership, or Corporation
Credit 620+ FICO with no late mortgage payments over the past 2 years (for all members) 620+ FICO with no late mortgage payments over the past 2 years (for all members)
Property Types Non-Owner Occupied: Single family residences, 2-4 family units, Condos,
Town-homes, and Multi-family properties up to 20 units
Non-Owner Occupied: Single family residences, 2-4 family units, Condos,
Town-homes, and Multi-family properties up to 20 units

Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other under writing criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application nformation and other risk-based factors. Application fees, closing costs and other fees may apply. 1. Products not available in Alaska, Idaho, North Dakota, Rhode Island, South Dakota, Utah, or Vermont. 2. Any multi-family property 30 years or older can not exceed 25-year amortization. 3. Refinance loans on properties owned <90 days are capped at 80% loan-to-cost. 4. Multi-family properties 30 years or older will qualify for interest-only loans at a limited LTV.